Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 101.327.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 101.829 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Trade closed: target reached
That was an excellent trade and the target was reached too!
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✅JOIN FREE TELEGRAM: t.me/signalsproviderfx
💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx
🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx
🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.